The McKinney City Council held a regular meeting on September 2, 2025, where key financial decisions were made regarding the city’s budget and tax rates for the upcoming fiscal year.

The meeting commenced with a motion to ratify the increased revenue from property taxes in the fiscal year 2025-2026 budget. Councilman Franklin proposed the motion, which was seconded by Councilman Cloutier. The budget is set to raise total property taxes by $12,556,433, reflecting a 7.5% increase compared to the previous year. Of this amount, $7,317,780 will be generated from new properties added to the tax roll.

Following this, the council addressed the adoption of the property tax rate. Mr. Holloway explained that the proposed tax rate of 0.412284 represents a 3.58% increase. This increase is primarily due to adjustments in the Maintenance and Operations (M&O) portion of the tax rate, while the Interest and Sinking (I&S) portion remains unchanged. The council held a public hearing on this matter, but no public comments were made. Councilwoman Feltes moved to adopt the tax rate, including the closure of the public hearing, which was seconded by Councilman Lynch. The motion passed unanimously with a vote of 7 in favor and 0 against.

The council then considered an ordinance to change rates and fees for city services, primarily focusing on water and wastewater rates, which will see a 45% adjustment. Minor changes to solid waste rates were also discussed. Councilwoman Feltes made a motion to approve the ordinance, which was seconded by Councilman Franklin. This motion also passed unanimously, with a vote of 7 in favor and 0 against.

In conclusion, the meeting resulted in significant financial decisions that will impact the city’s budget and tax structure for the upcoming fiscal year, reflecting the council's commitment to managing city resources effectively.